Deltastock Daily Fx Analysis - Forex Forum

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> Deltastock Daily Fx Analysis, August 25, 2009
Stoyan Mihaylov
post Aug 25 2009, 9:35
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August 25, 2009
Current level- 1.6375


The pair is in an uptrend, after bottoming at 1.6310. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6324 and 1.5155.

Current bias remains negative for 1.6270 and 1.6030. Crucial on the upside is 1.6430, as if we see a break above that level it will signal, that the corrective phase above 1.6273 is not over yet.

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